The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the end ...

Market participants expect the RMB’s market share in trade settlement and payments to continue to grow in anticipation that China will further open up its financial markets. Although the RMB is ...

when residents there were allowed to open deposit accounts denominated in renminbi. Other initiatives followed, such as cross-border settlement of trade transactions and renminbi bond issuance. Given ...

The PBOC released 2024’s RMB trade settlement data earlier this month. In 2024, there was RMB 16.3tr of trade settlement, which marked a 16% year-on-year increase, pulling back from the rapid ...

RMB trade settlement is allowed, and investment schemes such as the Renminbi Qualified Foreign Institutional Investor (RQFII) Program was first launched in Hong Kong. Offshore RMB activities ...

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...

Last year, 12,400 new market entities in Shanghai chose RMB for cross-border settlement, of which 30 percent were those specializing in trade in goods. An increasing number of enterprises have ...

The Chinese currency’s share as a global trade settlement currency has continued ... risks that continue to characterise the renminbi’s use,” S&P said. “Both these forces are at play ...

which has prompted the increasing use of the Chinese renminbi in trade settlement. “We have seen a growth in bilateral and regional trade agreements such as the Regional Comprehensive Economic ...

The PBOC released 2024’s RMB trade settlement data earlier this month. In 2024, there was RMB 16.3tr of trade settlement, which marked a 16% year-on-year increase, pulling back from the rapid ...